Cardamom prices up by 1.6% on spot demand

Continuing its rising trend, cardamom prices rose by Rs 21.10 to Rs 1,333 per kg in futures trade today as speculators further enlarged their positions, supported by strong domestic and export demand.

Tight supplies from growing belts in the spot markets also influenced cardamom prices at futures trade.

At the MCX, the June delivery rose by Rs 21.10, or 1.60%, to Rs 1,333 per kg, with a business turnover of 954 lots.

The July delivery also traded higher by Rs 18.30, or 1.41%, to Rs 1,310.80 per kg, with a trading volume of 117 lots.

Traders said restricted supplies from the producing regions against strong domestic and export demand influenced cardamom prices at futures trade.